Associated Persons

Question 1

Who are associated persons?

Answer 1

People with shared economic interests or family ties.

Question 2

When are relatives associated?

Answer 2

Partner

Within 2 degrees of blood relation of you or partner

Question 3

When are a person and company associated?

Answer 3

A person has voting interests in >25%

Question 4

When are a trust and person associated?

Answer 4

If the settlor of the trust
Person/relative beneficiary of the trust
A person holds the power of appointment over the trust

Question 5

When are a partnership and person Associated?

Answer 5

Partner in partnership

Question 6

When are a person and Limited Partnership associated?

Answer 6

LP interest >25%

Question 7

When are a look through company and person associated?

Answer 7

Have look through interest and employee or director

Have interest >25%

Question 8

When are companies associated?

Answer 8

Group of persons have voting rights >50%

OR group of persons controls other company by other means

Question 9

When are trusts associated?

Answer 9

When settled by the same person

Question 10

What is a tripartite association?

Answer 10

B-C Associated C-A Associated therefore B-A associated

Question 11

Tripartite limitations

Answer 11

The same test cannot associate (B-C and C-A )
B-C can not both be companies
B-C can not be associated by being common SH